Joinder Agreement to Second Amended and Restated Receivables Sale Agreement by LabOne, Inc. and Affiliates in Favor of Quest Diagnostics Receivables Inc.
LabOne, Inc., Central Plains Laboratories, LLC, LabOne of Ohio, Inc., ExamOne World Wide, Inc., and Systematic Business Services, Inc. agree to join the existing Receivables Sale Agreement with Quest Diagnostics Receivables Inc. as new sellers. By signing, these companies become bound by all terms of the original agreement, including representations, warranties, and obligations. The agreement is effective upon consent from the buyer and agents, and includes updated schedules and required documentation. This ensures the new sellers are fully integrated into the receivables sale arrangement.
Exhibit 10.11
JOINDER AGREEMENT
THIS JOINDER AGREEMENT is executed and delivered by LabOne, Inc., a Missouri corporation; Central Plains Laboratories, LLC, a Kansas limited liability company; LabOne of Ohio, Inc., a Delaware corporation; ExamOne World Wide, Inc., a Pennsylvania corporation; and Systematic Business Services, Inc., a Missouri corporation (collectively, New Sellers) in favor of Quest Diagnostics Receivables Inc., a Delaware corporation, as purchaser (the Buyer), with respect to that certain Second Amended and Restated Receivables Sale Agreement dated as of April 20, 2004, by and between Quest Diagnostics Incorporated and certain of its wholly-owned subsidiaries from time to time party thereto as Sellers and the Buyer (as amended, supplemented, joined, restated and/or otherwise modified from time to time, the Sale Agreement). Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Sale Agreement.
Subject to receipt of counterparts hereof signed by the Agents and the Buyer, by its signature below, each of the New Sellers hereby absolutely and unconditionally agrees to become a party to the Sale Agreement as a Seller thereunder and to be bound by the provisions thereof, including, without limitation, the provisions of Section 8.12 thereof.
Attached hereto is an amended and restated version of Schedule 2.1(o) to the Sale Agreement. After giving effect to the amendments and restatements embodied therein, each of the representations and warranties contained in Article II of the Sale Agreement will be true and correct as to New Sellers.
The Responsible Officers of each of the New Sellers will be any of its Chief Executive Officer, President, Vice President Finance, Treasurer, Secretary or Assistant Secretary, acting singly.
Delivered herewith are each of the documents, certificates and opinions required to be delivered by New Sellers pursuant to Article V of the Sale Agreement.
The provisions of Article VIII of the Sale Agreement are incorporated in this Joinder Agreement by this reference with the same force and effect as if set forth in full herein except that references in such Article VIII to this Agreement shall be deemed to refer to this Joinder Agreement and to the Sale Agreement as modified by this Joinder Agreement.
Please acknowledge your consent to New Sellers joinder in the Sale Agreement by signing the enclosed copy hereof in the appropriate space provided below and faxing a copy of such counterpart to (a) the Administrative Agent, at fax number ###-###-####, Attention: Elizabeth R. Wagner, and (b) to New Sellers at the fax number set forth below their signature hereto.
IN WITNESS WHEREOF, New Sellers have executed this Joinder Agreement as of the 10th day of November, 2006.
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| LabOne, Inc. |
| Central Plains Laboratories, LLC |
| ExamOne World Wide, Inc. |
| LabOne of Ohio, Inc. |
| Systematic Business Services, Inc. |
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| By: |
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| Name: | Joseph P. Manory |
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| Title: | Vice President and Treasurer |
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| Address for Notices: | ||
| 1290 Wall Street West | ||
| Lyndhurst, NJ 07071 | ||
| Fax No. 201 ###-###-#### |
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Each of the undersigned hereby consents |
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WACHOVIA BANK, NATIONAL ASSOCIATION, |
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By: |
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CALYON NEW YORK BRANCH, as Atlantic Agent
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By: |
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| Name: |
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QUEST DIAGNOSTICS RECEIVABLES INC., as Buyer
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By: |
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| Name: | Joseph P. Manory |
| Title: | Vice President and Treasurer |